NEW GENERATION INNOVATION AND ENTREPRENEURSHIP DEVELOPMENT CENTRE (NewGen IEDC)
Indian Institute of Technology Guwahati
North Guwahati, Guwahati 781 039

Assam, India

Copyright 2019 - All Rights Reserved - NEWGEN IEDC, IIT Guwahati                                                                                                                                                Maintained by NEWGEN IEDC

The NewGen IEDC grant comprises of two parts, Non-recurring grant (as one time establishment cost), and Recurring grant

 

Non-Recurring grant (as one time establishment cost)

Non-recurring grant would be admissible to NewGen IEDC towards furnishing of cubicles for start-ups, purchase of PC with printers, UPS, library books, journals, laptop, multimedia projector, office communication equipment and others like 3D printer, prototype equipment and software and shared equipment.
 

Recurring grant
 

Recurring grant details are included in the following table. Funding is indicative and may vary from case to case.
 

S. No.	Budget head	Yearly grant (Rs. In lakhs)
	Year	1	2	3	4	5
1	Number of projects supported in 5 years	10	15	20	20	20
2	Prototype development grant (@ Rs. 2.50 lakh per project)	25	37.5	50	50	50
3	Recurring expenditure

 

Recurring expenditure includes honorarium to coordinators, travel expenses for advisory board meeting, review meeting, contingencies, miscellaneous expenditure etc.

Prototype development grant of Rs. 2,50,000/- per project cover the following.

• Rs. 25,000/- (maximum) to the mentor for providing guidance to the project team

• Rs. 25,000/- (maximum) per student team as stipend

• Rs. 2,00,000/- towards cost of raw material, external vendor cost etc. Any additional expenditure will be borne by the student team

 

Selection procedure for NEWGEN IEDC projects at IIT Guwahati :: Download    |     Application form (only for IIT Guwahati) :: Download